Rs 24/Share Dividend Declared: FMCG Colgate-Palmolive Declares 16.2% YoY Jump In Q2 Net Profit, Shares Fall

Leading large cap FMCG major Colgate-Palmolive India Ltd shares today plummeted over 3% despite reporting a jump of 16.2% YoY in its net profit after tax at Rs 395.1 crore for Q2 FY25 as against Rs 340.1 crore declared in the corresponding quarter of last year. The company also recommended an interim dividend of Rs 24 per equity share of the face value of Re 1/- for the FY 2024-25. Current market price of Colgate-Palmolive India Ltd shares on BSE today is Rs 3207.00 per share. The company's market cap is Rs 87,225.79 crore. Colgate-Palmolive India shares slipped over 11% in last 2-weeks and jumped over 54% in last 1-year. Check details below:

Colgate-Palmolive India Financial Results: Ms. Prabha Narasimhan, Managing Director & CEO of Colgate-Palmolive (India) Limited, said, "We are pleased with the robust, consistent topline performance in a tough operating environment. This has been led by broad-based growth across portfolios. Toothpaste achieved high-single digit volume growth on the back of our core brands- Colgate Maxfresh and Colgate Strong Teeth. Toothbrush continued to grow at double digits with rapid premiumisation. We expect continued difficult market conditions but remain committed to leverage our very strong P&L which allows us to continue to invest behind superior products and advertising while we maintain our focus on ensuring better oral health for everyone in India."

Colgate-Palmolive (India) Limited reported 10.0% year-on-year topline growth for the quarter ended September 30, 2024 with domestic revenues growing by 10.5%. Net Sales increased to Rs. 1,609.2 crore from Rs. 1,462.4 crore with all parts of portfolio reporting strong consistent growth momentum, as per the BSE filing.

Colgate-Palmolive India Ltd Recommends Dividend: As per the exchange filing of Colgate-Palmolive India dated October 24, 2024, "declaration of First Interim Dividend of Rs. 24/- (Rupees Twenty Four Only) per equity share of face value of Re.1/- for the Financial Year 2024-25. The said interim dividend will be paid on and from November 21, 2024 to those shareholders whose names appear in the Register of Members/Beneficial Owners of the Company as on the Record date i.e. November 04, 2024."

Colgate-Palmolive India Shares Performance: The 52-week high price of Colgate-Palmolive India shares on BSE is Rs 3893.00 per share (as on 04/10/2024) and 52-week low price is Rs 2003.65 per share (as on 27/10/2023), respectively. Colgate-Palmolive India shares jumped 100% in last 2-years, gained 104% in last 3-years, and offered return of 104% in last 5-years.

Colgate-Palmolive Bonus Share History: Colgate-Palmolive (India) offered 1 bonus issue since September 23, 2015. The last Bonus that Colgate-Palmolive (India) declared was in the proportion of 1:1 with ex-bonus date fixed as September 23, 2015.

About: Colgate-Palmolive manufactures and distributes consumer products. The company operates via personal, oral, home care and pet nutrition segments. The small soap and candle business that William Colgate began in New York City early in the 19th century is now, more than 200 years later, a global company serving hundreds of millions of consumers worldwide.